融资融券数据显示，该股最新（11月21日）两融余额为3.00亿元，其中，融资余额为3.00亿元，本期筹 码集中以来融资余额合计减少3379.34万元，降幅为10.11%。 公司发布的三季报数据显示，前三季公司共实现营业收入4.90亿元，同比增长8.81%，实现净利润1.51 亿元，同比增长32.38%，基本每股收益为0.3300元，加权平均净资产收益率5.86%。（数据宝） （文章来源：证券时报网） 闽东电力11月24日披露，截至11月20日公司股东户数为54489户，较上期（11月10日）减少4593户，环 比降幅为7.77%。 证券时报·数据宝统计，截至发稿，闽东电力收盘价为11.58元，下跌0.52%，本期筹码集中以来股价累 计下跌24.26%。具体到各交易日，4次上涨，6次下跌，其中，跌停1次。 ...

行业主要上市公司：长江电力(600900)、华能水电(600025)、湖南发展(000722)、闽东电力(000993)、黔 源电力(002039)、三峡水利(600116)、桂冠电力(600236)、桂东电力(600310)、西昌电力(600505)、郴电 国际(600969)、湖北能源(000883)等。 中国水力发电行业中标项目的主要主体为其他一般企业和国有企业 截至2025年9月，中国水力发电行业中标项目的主要主体为其他一般企业，中标事件达到6464件，占总 事件的49%;其次为国有企业，中标事件达到5576件，占总事件数量的42%。 图表3：截至2025年中国水力发电行业中标项目主体分布(单位：件) 1、水力发电行业中标项目数量分析 招标是一方(招标人)欲出售、购买商品，或欲建设工程项目按一定程序征求应征人，不经磋商而进行交 易的一种方法。应征人按招标人的要求提出具体方案并寄交招标人称为投标。目前，国内水力发电项目 建设招标多数以公开招标的方式进行。 2020-2024年，中国水力发电行业中标项目数量整体呈现波动增长趋势，2024年中国水力发电行业中标 项目数量达到2291件。2025年1-9月，中 ...

Core Viewpoint - The company’s associate, Funing Shipbuilding, does not engage in marine aquaculture business [1] Summary by Categories - **Company Operations** - Funing Shipbuilding, in which the company holds a stake, is not involved in marine aquaculture activities [1]

11月20日，闽东电力盘中下跌2.04%，截至10:42，报11.98元/股，成交2.22亿元，换手率4.15%，总市值 54.86亿元。 资金流向方面，主力资金净流出3770.35万元，特大单买入111.17万元，占比0.50%，卖出1640.99万元， 占比7.41%；大单买入2945.86万元，占比13.30%，卖出5186.39万元，占比23.41%。 闽东电力今年以来股价涨43.47%，近5个交易日跌15.57%，近20日涨15.30%，近60日涨10.41%。 今年以来闽东电力已经3次登上龙虎榜，最近一次登上龙虎榜为11月11日，当日龙虎榜净买入-1.12亿 元；买入总计1.95亿元 ，占总成交额比12.06%；卖出总计3.08亿元 ，占总成交额比19.00%。 资料显示，福建闽东电力股份有限公司位于福建省宁德市东侨经济技术开发区金马北路2号(东晟广场)9 幢15层，成立日期1998年12月30日，上市日期2000年7月31日，公司主营业务涉及电力生产与开发,主要 以水电、风电为主。主营业务收入构成为：电力销售88.20%，房地产销售8.58%，其他3.22%。 闽东电力所属申万行业为：公用事业- ...

Core Points - The Fujian stock market experienced a collective decline, with several companies hitting their daily limit down, indicating a significant downturn in investor sentiment [1] - Notable companies that faced steep declines include Sanmu Group and China Wuyi, both of which hit the daily limit down, while others like Zhangzhou Development and Dongbai Group approached limit down [1] - The previously rising stocks, Haixia Innovation and Pingtan Development, announced a suspension of trading for verification due to severe price deviations from their fundamentals [1] Company Performance - Sanmu Group: Down 10.03%, market cap at 3.301 billion, YTD increase of 93.19% [2] - China Wuyi: Down 10.00%, market cap at 6.362 billion, YTD increase of 46.21% [2] - Zhangzhou Development: Down 9.40%, market cap at 8.596 billion, YTD increase of 101.99% [2] - Dongbai Group: Down 9.12%, market cap at 8.324 billion, YTD increase of 38.56% [2] - Longzhou Co.: Down 7.91%, market cap at 4.060 billion, YTD increase of 70.69% [2] - Mindong Electric Power: Down 7.57%, market cap at 5.647 billion, YTD increase of 47.66% [2] - Fujian Cement: Down 7.19%, market cap at 3.254 billion, YTD increase of 87.34% [2] - XGMA: Down 7.09%, market cap at 7.203 billion, YTD increase of 53.21% [2] - Fujian Jinsen: Down 6.89%, market cap at 3.343 billion, YTD increase of 75.38% [2] - Rishang Group: Down 6.60%, market cap at 5.008 billion, YTD increase of 24.09% [2] - Furi Electronics: Down 6.38%, market cap at 8.094 billion, YTD increase of 52.63% [2] - Yanjian Co.: Down 6.15%, market cap at 3.401 billion, YTD increase of 99.01% [2] - Huangshi Zhan: Down 5.81%, market cap at 8.358 billion, YTD increase of 46.38% [2] - Minfa Aluminum: Down 5.17%, market cap at 3.961 billion, YTD increase of 41.14% [2]

Core Viewpoint - The Fujian sector in the A-share market experienced a significant decline, with multiple stocks hitting their daily limit down, indicating a bearish trend in the region [1] Summary by Category Stock Performance - Zhongneng Electric fell by 12.62%, with a total market value of 54.42 billion [2] - Dongbai Group and Fujian Cement both dropped by 10%, with market values of 91.59 billion and 35.06 billion respectively [2] - Fujian Jinsen decreased by 9.99%, with a market value of 35.91 billion [2] - Guancheng New Materials fell by 9.98%, with a market value of 61.51 billion [2] - Sanmu Group declined by 9.94%, with a market value of 36.68 billion [2] - Other notable declines include Minfa Aluminum (-9.92%), Fulongma (-9.42%), and Mindong Power (-9.24%) [2] Market Reactions - The stocks of Haixia Innovation and Pingtan Development were suspended for trading due to significant price deviations from their fundamentals, indicating potential overvaluation prior to the suspension [1]

Group 1 - The Fujian sector experienced a decline in early trading, with Dongbai Group hitting the daily limit down [1] - Several companies, including Sanmu Group, Mindong Electric Power, Zhongneng Electric, and Fujian Cement, saw their stock prices drop by over 8% [1]

Core Viewpoint - The stock price of Mindong Electric Power has experienced significant fluctuations, with a year-to-date increase of 67.19% and recent trading activity indicating a mixed sentiment among investors [2]. Group 1: Stock Performance - As of November 12, Mindong Electric Power's stock price dropped by 3.59% to 13.96 CNY per share, with a trading volume of 2.02 billion CNY and a market capitalization of 63.93 billion CNY [1]. - The stock has risen by 8.72% over the last five trading days, 34.36% over the last 20 days, and 27.84% over the last 60 days [2]. Group 2: Trading Activity - On November 11, the stock was featured on the "龙虎榜" with a net buy of -112 million CNY, where total buying amounted to 195 million CNY (12.06% of total trading volume) and total selling reached 308 million CNY (19.00% of total trading volume) [2]. - The net inflow of main funds on November 12 was 11.5 million CNY, with large orders accounting for 11.33% of buying and 10.77% of selling [1]. Group 3: Company Overview - Mindong Electric Power, established on December 30, 1998, and listed on July 31, 2000, is primarily engaged in electricity production and development, focusing on hydropower and wind power [2]. - The company's revenue composition includes 88.20% from electricity sales, 8.58% from real estate sales, and 3.22% from other sources [2]. - As of October 31, the number of shareholders was 39,900, a decrease of 1.35%, with an average of 11,020 circulating shares per shareholder, an increase of 1.37% [2]. Group 4: Financial Performance - For the period from January to September 2025, Mindong Electric Power reported a revenue of 490 million CNY, reflecting a year-on-year growth of 8.81%, and a net profit attributable to shareholders of 151 million CNY, up 32.38% year-on-year [2]. - The company has distributed a total of 246 million CNY in dividends since its A-share listing, with 91.59 million CNY distributed over the past three years [3]. Group 5: Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the fourth-largest circulating shareholder, holding 2.4865 million shares, an increase of 959,800 shares from the previous period [3].

Core Viewpoint - The stock of Mindong Electric Power experienced a decline of 5.30% with a trading volume of 1.62 billion yuan and a fluctuation of 16.03% on the day, indicating significant market activity and investor interest [2]. Trading Activity - The stock had a turnover rate of 23.93%, with institutional investors net buying 54.59 million yuan and the Shenzhen Stock Connect net buying 2.66 million yuan, while brokerage seats collectively net sold 170 million yuan [2]. - The top five trading departments accounted for a total transaction of 503 million yuan, with a buying amount of 195 million yuan and a selling amount of 308 million yuan, resulting in a net sell of 112 million yuan [2]. - Among the trading departments, four institutional specialized seats were involved, with a total buying amount of 98.21 million yuan and a selling amount of 43.62 million yuan, leading to a net buy of 54.59 million yuan [2]. Fund Flow - The stock saw a net outflow of 141 million yuan from main funds, with a significant outflow of 101 million yuan from large orders and 39.16 million yuan from major funds [2]. - Over the past five days, the main funds have seen a net inflow of 91.57 million yuan [2]. Margin Trading Data - As of November 10, the margin trading balance for the stock was 334 million yuan, with a financing balance of 334 million yuan and a securities lending balance of 150 yuan [3]. - In the last five days, the financing balance increased by 88.79 million yuan, representing a growth of 36.18%, while the securities lending balance increased by 468 yuan, showing a growth of 44.11% [3].

Core Insights - As of October 31, 2025, the number of shareholders for Mindong Electric Power is projected to be 39,904 [2] Company Information - Mindong Electric Power responded to investor inquiries on November 10, indicating the expected shareholder count [2]